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FRAUD EXAMINATION (CHAPTER 1-18) FINAL EXAM NEWEST ACTUAL EXAM WITH COMPLETE QUESTIONS AND DETAILED VERIFIED ANSWERS GRADED A+ | 100% VERIFIED$19.99
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FRAUD EXAMINATION (CHAPTER 1-18)
FINAL EXAM NEWEST ACTUAL EXAM
WITH COMPLETE QUESTIONS AND
DETAILED VERIFIED ANSWERS GRADED
A+ | 100% VERIFIED
Which of the following is NOT a way that management can
establish a good internal control environment?
a) Having a clear organizational structure
b) Proper training
c) Communicating openly
d) Appropriate Hiring Procedures
e) All of the above are ways that management can establish a
good internal control environment - ✔✔✔ Correct Answer > (E)
All of the above are ways that management can establish a
good internal control environment
The single most effective tool in preventing and detecting fraud
is usually:
,a) monitoring employees
b) having a good system of internal controls
c) having a well-written company code of ethics
d) following strict hiring procedures - ✔✔✔ Correct Answer >
(B) having a good system of internal controls
The most effective way to reduce losses from fraud:
a) Detecting fraud early
b) Implementing proactive fraud detection programs.
c) Preventing fraud from occurring
d) Severely punishing fraud perpetrators - ✔✔✔ Correct
Answer > (C) Preventing fraud from occurring
To successfully prevent fraud, an organization must:
a) identify and remedy internal control weaknesses
b) explicitly consider fraud risks
c) take proactive steps to create the right kind of environment
d) all of the above - ✔✔✔ Correct Answer > (D) All of the Above
,The best way for management to model appropriate behavior is
to:
a) Enforce a strict code of ethics
b) Set an example of appropriate behavior
c) Train employees about appropriate behavior
d) Make employees read and sign a code of conduct - ✔✔✔
Correct Answer > (B) Set an example of appropriate behavior
A company's control environment includes:
a) the tone that management establishes toward what is
honest and acceptable behavior
b) corporate hiring practices
c) having an internal audit department
d) All of the Above - ✔✔✔ Correct Answer > (D) All of the
Above
Which of the following factors generally results in a high-fraud
environment?
, a) Hiring Honest People
b) Providing an EAP
c) Autocratic Management
d) Both A and B - ✔✔✔ Correct Answer > (C) Autocratic
Management
Which of the following aspects of fraud usually results in the
largest savings?
a) Fraud prevention
b) Fraud detection
c) Fraud investigation
d) It is impossible to tell - ✔✔✔ Correct Answer > (A) Fraud
Prevention
Which of the following is usually the most effective tool in
preventing and detecting fraud?
a) Discouraging collusion between employees and customers or
vendors
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